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Lactation Support Supplements Market Size & Share, By Ingredient Type (Fenugreek, Moringa, Milk Thistle, Fennel, Oatmeal), Formulation, Sales Channel, Regional Forecast, Industry Players, Growth Statistics Report 2023-2030

Report ID: FBI 1263

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Published Date: Aug-2023

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Format : PDF, Excel

Market Outlook:

Lactation Support Supplements Market size surpassed USD 541.31 Million in 2022 and is poised to reach USD 1044.67 Million, growing at over 7.59% CAGR between 2023 and 2030. This can be attributed to the increasing awareness and understanding of the benefits of breastfeeding for both mothers and infants. Additionally, the growing rate of initiation and duration of breastfeeding practices, coupled with the rising number of working women, is driving the demand for lactation support supplements.

Base Year Value (2022)

USD 541.31 Million

18-23 x.x %
24-33 x.x %

CAGR (2023-2030)

7.6%

18-23 x.x %
24-33 x.x %

Forecast Year Value (2030)

USD 1044.67 Million

18-23 x.x %
24-33 x.x %
Lactation Support Supplements Market

Historical Data Period

2018-2021

Lactation Support Supplements Market

Largest Region

North America

Lactation Support Supplements Market

Forecast Period

2023-2030

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Market Dynamics:

Growth Drivers and Opportunities:

1. Increasing Awareness: The rising awareness among mothers about the importance of breastfeeding is one of the major factors driving the demand for lactation support supplements. Healthcare organizations and lactation consultants are playing a crucial role in educating and counseling women, promoting the consumption of lactation support supplements to enhance milk production.

2. Growing Rate of Working Women: With an increasing number of women joining the workforce, maintaining breastfeeding practices becomes challenging due to insufficient milk production. Lactation support supplements provide an effective solution for working mothers seeking to enhance their milk supply, thereby driving market growth.

3. Advancements in Product Formulations: Manufacturers are constantly investing in research and development to develop improved formulations for lactation support supplements. These advancements, such as the inclusion of herbal ingredients and targeted nutrient combinations, are further fueling the market growth.

 

Industry Restraints and Challenges:

Report Scope

Report CoverageDetails
Segments CoveredIngredient Type, Formulation, Sales Channel, Region
Regions Covered• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledPink Stork, New Chapter, Mamas Select, ACTIF USA, Anya, Mommys Bliss, Nestle, Mother Love, Mommy Knows Best, Rumina Naturals

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1. Limited Regulatory Guidelines: The lack of standardized regulations specific to lactation support supplements poses a challenge for market growth. Varying quality standards across different regions can affect consumer trust and hinder market expansion.

2. Side Effects and Allergies: Some lactation support supplements may have potential side effects or cause allergies in certain individuals. This can deter potential consumers from purchasing these products, impacting market growth.

3. High Cost: The cost of lactation support supplements can be relatively high, limiting their affordability to a certain extent. This can pose a restraint, especially in low-income regions where price sensitivity is a significant factor affecting purchasing decisions.

In conclusion, the lactation support supplements market is poised for significant growth due to increasing awareness about breastfeeding benefits and the challenges faced by working women. However, limited regulatory guidelines, potential side effects, and high costs are hurdles that need to be addressed to ensure sustained market expansion.

Report Coverage & Deliverables

Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
Lactation Support Supplements Market
Lactation Support Supplements Market

Regional Forecast:

The global Lactation Support Supplements market is expected to witness significant growth in the North America, Asia Pacific, and Europe regions.

North America:

The North America region is projected to dominate the lactation support supplements market during the forecast period. This can be attributed to the increasing awareness about the benefits of breastfeeding, rising demand for organic and natural lactation support supplements, and a high prevalence of lactation problems in the region. Additionally, the presence of key market players, extensive research and development activities, and favorable government initiatives further contribute to the market growth in North America.

Asia Pacific:

The Asia Pacific region is expected to exhibit the fastest growth rate in the lactation support supplements market. This growth can be attributed to the increasing population of lactating mothers, rising disposable income, and growing awareness about the importance of breastfeeding for infant health. With rising urbanization and improving healthcare infrastructure, the demand for lactation support supplements is expected to surge in countries like China, India, and Japan.

Europe:

The lactation support supplements market in Europe is anticipated to witness steady growth during the forecast period. Factors such as the increasing trend of breastfeeding, a well-established healthcare system, and supportive government policies contribute to the market growth in this region. Moreover, the presence of key market players and growing awareness about lactation support supplements among healthcare professionals further propel the market expansion in Europe.

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Segmentation Analysis:

Infant Formula:

Within the market segment of lactation support supplements, one significant sub-segment is infant formula. Infant formula is a widely used alternative to breastfeeding, especially for mothers who are unable to lactate adequately or prefer bottle-feeding. It is a powdered or liquid substitute that mimics the composition of breast milk and provides essential nutrients for infant growth and development. The increasing number of working mothers, who are unable to breastfeed exclusively, is driving the demand for infant formula supplements. Moreover, technological advancements in the formulation of infant formula, such as the inclusion of probiotics, prebiotics, and essential fatty acids, enhance the nutritional value of these supplements, further fueling their adoption.

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Competitive Landscape:

The lactation support supplements market is highly competitive, with several prominent players operating globally. These market players strive to gain a competitive edge through new product launches, partnerships, mergers, acquisitions, and collaborations. Some of the key players in the lactation support supplements market include:

1. Medela LLC

2. Nature's Way Products, LLC

3. Nestle S.A.

4. The Honest Company

5. Pharmatech USA

6. Prenexus Health

7. Upspring LLC

8. Biolatte Oy

9. Fairhaven Health, LLC

10. Motherlove Herbal Company

The lactation support supplements market is characterized by intense competition among key players. These players focus on strategic initiatives such as product development, mergers and acquisitions, and geographical expansion to strengthen their market presence. Additionally, investments in research and development activities to introduce innovative lactation support supplements provide these market players with a competitive advantage. As the demand for lactation support supplements continues to grow, the competition within the market is expected to intensify further.

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Lactation Support Supplements Market Size & Share,...

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